Cummins

Job Description

GPP Database Link

Job Summary:

Manages a team that processes accounts receivable transactions. Team includes supervisors and indirect reports.

Key Responsibilities:

Manages accounts receivable supervisors of a team of accounts receivable staff within the established accounting policies of the corporation. Monitors records of amounts owed to Cummins and assures prompt collection of payments; works with other areas of Finance to ensure appropriate cash management and application of credit policies. Manages the review of work methods and procedures; considers the impact of any changes on the overall organization; develops and implements changes in those methods and procedures to improve the efficiency of the accounts receivable unit. Develops and maintains relationships with outside credit and collections agencies; draws on their assistance as appropriate to collect payments due Cummins. Acts as a point of escalation for complex, non-routine accounts receivable issues and problems. Provides input into and manages the annual operating plan for the work area. Manages, coaches, and mentors supervisors and accounts receivable analysts; provides guidance and direction on problems and issues; delegates work assignments considering employee skills and development needs.

External Qualifications and Competencies

Competencies:

Builds effective teams - Building strong-identity teams that apply their diverse skills and perspectives to achieve common goals.

Communicates effectively - Developing and delivering multi-mode communications that convey a clear understanding of the unique needs of different audiences.

Customer focus - Building strong customer relationships and delivering customer-centric solutions.

Develops talent - Developing people to meet both their career goals and the organization’s goals.

Directs work - Providing direction, delegating, and removing obstacles to get work done.

Drives results - Consistently achieving results, even under tough circumstances.

Ensures accountability - Holding self and others accountable to meet commitments.

Manages conflict - Handling conflict situations effectively, with a minimum of noise.

Values differences - Recognizing the value that different perspectives and cultures bring to an organization.

Business Partnering - Collaborates with stakeholders and develops partnerships to drive performance that aligns to organizational goals and strategies; influences the organization by demonstrating knowledge of the business to provide guidance to support the decision making process and guiding the business towards positive results and organizational alignment; evaluates business environment using measures to mitigate risk and capitalize on opportunities.

Business Process and Internal Control Risk Analysis - Evaluates business processes to identify risks and internal control gaps; applies understanding of business processes and relevant risks to develop and implement process improvements; develops risk management plans by applying internal control framework to address identified risks.

Financial Analysis - Interprets financial data by analyzing trends, variances, opportunities and risks to provide insight to stakeholders regarding financial impact to drive business improvement; evaluates financial results against targets to communicate conclusions to all stakeholders; ensures integrity of financial data by investigating variances and determining corrective actions to resolve identified issues.

US Generally Accepted Accounting Principles - Evaluates US accounting standards to record transactions in compliance with requirements and company policies; assesses the accounting requirements and objectives to determine the implications on the business and communicate to stakeholders with varying financial knowledge.

Education, Licenses, Certifications:

College, university, or equivalent degree in Accounting, Finance, or related field or equivalent work experience required.

Experience:

15+ years of relevant work experience, including supervisory experience, required.

Additional Responsibilities Unique to this Position

• Define new global process, standard, operation plans based on BU strategy with significant business impact
• Analyse & investigate complex issues & significantly improve and change or adapt to existing methods & procedure
• Relevant expertise & knowledge within global Accounts Receivable process as leadership level
• Convincing approach towards stakeholder in the BU, mainly for those who are not open to outsourcing environment. Motivate and monitor day-to-day task to meet Key Performance Indicators (KPIs) and Service Level Agreements (SLA), ensure compliance with policies and procedures.
• Identify and implement process improvements to enhance efficiency, accuracy, and compliance within the AR function
• Identify training needs and facilitate training, re-training, and cross training, to implement corrective action as required
• Assess and forecast staffing requirements based on volume, maintain cost effective and stable workforce to absorb volume volatility
• Development and maintenance of Standard Operating Procedures (SOP) and other documentation to drive standardization
• Relevant experience in initial period of transition and establishing firm communication channels (Change management) with Internal stakeholder, CS Finance staff & Supplier resources
• Building relationship with Internal stakeholder and cross functional leaders, convince others within the organization that are sceptical or unwilling to accept new concepts, practices, and approaches.
• Building understanding of external customers and portfolios to manage business and internal stakeholders needs
• End to End understanding & experience of Accounts Receivable process in a global environment with complex matrix organization & systems

About Us

Cummins is an equal opportunity employer. Our policy is to provide equal employment opportunities to all qualified persons without regard to race, sex, color, disability, national origin, age, religion, union affiliation, sexual orientation, veteran status, citizenship, gender identity, or other status protected by law.